Exercise 8-7A (Algo) Evaluating a decision to increase sales volume by lowering sales price LO 8-3, 8-4 Jordan Educational Services had budgeted its training service charge at $83 per hour. The company planned to provide 35,000 hours of training services during Year 3. By lowering the service charge to $72 per hour, the company was able to increase the actual number of hours to 36,600 . Required a. Determine the sales volume variance, and indicate whether it is favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). b. Determine the flexible budget variance, and indicate whether it is favorable ( F ) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). c. Did lowering the price of training services increase revenue? Q Answer is complete but not entirely correct